ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Shares Down 0% – Here’s Why

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD)’s stock price was down 0% on Monday . The stock traded as low as $25.49 and last traded at $25.49. Approximately 910 shares traded hands during trading, a decline of 61% from the average daily volume of 2,355 shares. The stock had previously closed at $25.50.

ALPS Intermediate Municipal Bond ETF Stock Performance

The company has a fifty day moving average price of $25.41 and a two-hundred day moving average price of $25.41.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $511,000. Main Street Financial Solutions LLC bought a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $343,000. Strategic Financial Concepts LLC boosted its holdings in ALPS Intermediate Municipal Bond ETF by 2.5% in the second quarter. Strategic Financial Concepts LLC now owns 24,937 shares of the company’s stock valued at $634,000 after acquiring an additional 612 shares during the last quarter. Truist Financial Corp bought a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $575,000. Finally, Citadel Advisors LLC bought a new stake in ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at approximately $365,000.

About ALPS Intermediate Municipal Bond ETF

The ALPS Intermediate Municipal Bond ETF (MNBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to investment-grade, intermediate-term municipal bonds that are exempt from federal income tax. MNBD was launched on May 19, 2022 and is managed by ALPS.